Two weeks ago, staff from CSG West conducted their annual state visit to the Land of Enchantment. Edgar Ruiz and Martha Castañeda connected with legislators February 7th-9th.
New Mexico's first session of the 56th Legislature kicked off January 17 and will run for 60 days, until March 18th. As of the halfway point of the session, lawmakers had filed over 1000 bills and other measures. In even years, such as next year's, the session is limited to 30 days and focused on the state's budget.
New Mexico is in the enviable position of having a significant budget surplus. Just in the first four months of 2022, more than $1.7 billion were added as a result of oil and gas revenues from the Permian basin. According to the U.S. Energy Information Administration, New Mexico’s Permian basin produces the most oil than any other region nationwide and is second to the Appalachia region in gas production. Recognizing that this windfall is one time money make the budget process tricky for policymakers.